New Delhi: Virgin Group owner British billionaire Sir Richard Branson, who landed in India Thursday for launching new flights connecting Indian with the UK and the US, wants to keep his eyes open to investment opportunities in Indian airlines.
"Now foreign companies have been allowed to pick up 49% so we are keeping our eyes open. It's a brave battle going on in the Indian aviation space now. Everybody is bleeding. There will be a right time and we will watch," Branson said at a prelaunch party at the Taj ManSingh hotel at New Delhi.
A formal press conference will be held today in Mumbai. Commenting on the mess that Kingfisher Airlines is in, the owner of Virgin Atlantic airline also said that he feels bad for Vijay Mallya. "I feel bad for Mallya, he is fighting a tough battle. I heard his employees got paid some salary today so I think he's trying very hard."
26/10/12 Economic Times
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"Now foreign companies have been allowed to pick up 49% so we are keeping our eyes open. It's a brave battle going on in the Indian aviation space now. Everybody is bleeding. There will be a right time and we will watch," Branson said at a prelaunch party at the Taj ManSingh hotel at New Delhi.
A formal press conference will be held today in Mumbai. Commenting on the mess that Kingfisher Airlines is in, the owner of Virgin Atlantic airline also said that he feels bad for Vijay Mallya. "I feel bad for Mallya, he is fighting a tough battle. I heard his employees got paid some salary today so I think he's trying very hard."
26/10/12 Economic Times
